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Trump says countries aligning with BRICS bloc will face extra 10% tariff

President of the United States Donald J. Trump delivers remarks to a crowd at an America250 rally in Des Moines, Iowa, United States, on July 3, 2025. Kyle Mazza | Anadolu | Getty Images U.S. President Donald Trump announced that an additional 10% tariff will be charged to countries “aligning themselves with the anti-American policies … Read more

EU blocks Britain’s attempts to join pan-European trading bloc

Stay informed with free updates Simply sign up to the EU trade myFT Digest — delivered directly to your inbox. British government hopes of joining a pan-European trade area to reduce post-Brexit supply chain challenges for UK goods exporters are being blocked by Brussels, according to officials on both sides. The UK announced it was … Read more

EU eyes closer ties to transpacific bloc as Trump jolts trade order

Donald Trump’s return to the White House is reviving a stalled plan to forge a strategic partnership between the EU and a key Indo-Pacific trade bloc, according to EU officials and senior diplomats. Plans to build stronger links between Brussels and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — a group of 12 countries … Read more

European Union gets serious as bloc seeks independence from U.S. tech such as Uber, Apple and Mastercard

With President Donald Trump more unpredictable than ever and transatlantic ties reaching new lows, calls are growing louder for Europe to declare independence from US tech. From Microsoft to Meta, Apple to Uber, cloud computing to AI, much of the day-to-day technology used by Europeans is American. The risks that brings were hotly debated before … Read more

Japan’s currency was one of the first challengers to the U.S. dollar—why 90s predictions of a ‘yen bloc’ fell apart

Prophecies that the U.S. dollar will lose its status as the world’s dominant currency have echoed for decades—and are increasing in volume. Cryptocurrency enthusiasts claim that Bitcoin or other blockchain-based monetary units will replace the dollar. Foreign policy hawks warn that China’s renminbi poses a lethal threat to the greenback. And sound money zealots predict … Read more

EU delays plans to hit back at Trump’s tariffs—giving the bloc time for ‘negotiations’ with their American partners

Von der Leyen said that with the delay, the commission’s goal is “to get the balance of products right, reflecting the interests of our producers, our exporters, our consumers, and of course, minimize the potential negative impact on our economy.” Pier Marco Tacca/Getty Images

Trump threatens 25% tariffs on EU, says bloc formed ‘to screw’ U.S.

US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, on February 26, 2025.  Jim Watson | Afp | Getty Images U.S. President Donald Trump threatened to impose 25% tariffs on imports from the European Union, claiming that the economic and political bloc was formed “to screw” the U.S. On Wednesday, … Read more

EU says AI race far from over as bloc pledges 50-billion-euro investment

Ursula von der Leyen, president of the European Commission, speaks at the AI Action Summit in Paris, France, on Tuesday, Feb. 11, 2025.  Bloomberg | Bloomberg | Getty Images European Commission President Ursula von der Leyen on Tuesday said the EU would mobilize a total of 200 billion euros ($206.5 billion) for artificial intelligence investments … Read more

Shein hit with consumer protection action in EU as bloc unboxes strategy to tackle low-cost ecommerce risks

Chinese ecommerce and fast fashion giant Shein is facing fresh scrutiny in the European Union in relation to consumer protection rules following the launch of a coordinated action by the bloc’s Consumer Protection Cooperation Network (CPCN). The action is being conducted with reference to the EU’s Unfair Commercial Practices Directive, Consumer Rights Directive, Unfair Contracts … Read more

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